Commercial Development Parcel

Vacant Land for Sale
Catylist Listing ID: 30847281
Property Subtypes: Retail, Self Storage
Gross Land Area: 7.20 Acres
Sale Price: $4,704,480
Unit Price: $653,400 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2023

Overview / Comments

7.2 Acres Commercial Zoned parcel on Knights Trail just north of Laurel Road at the intersection of Rustic Road and Knights Trail within the City Limits of Venice. Knights Trail is scheduled to connect from Laurel Road to Clark Rd (SR 72).This parcel is an outparcel to a 300 Multi-Family units and 400 Single Family Homes for Rent. Adjoining property to the south is being developed into 380 Multi-Family units. Over 1,500 approved single family homesites being development within a 1 mile radius of the site.

Rustic Road is being constructed as an east/west connection under I-75 between Laurel Road & Honore Ave. This site will be developed in conjunction with the Multi-Family / Single Family for Rent Community. The site will be delivered with utilities stubbed to the site and off-site water retention.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0365002000
Property Visibility: Excellent
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,208 48,711
Median Age: 58.97 61.88
Households: 3,954 25,142


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